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If you’re looking for ways to make extra money online, then Amazon is a great place to start.
Amazon is the largest eCommerce platform in the world, however, there are multiple ways to make money via the platform, and you may be surprised by some of them.
This article will explore some of the ways you can start and utilize the Amazon platform to create extra income.
The most common way to make money on Amazon is via its E-commerce platform. Whilst many people opt to launch an online store on their own website, Amazon is a great place for beginners as you don’t have to worry about driving traffic.
In addition to this, Amazon has a program called FBA where you can send your inventory directly to Amazon and they will ship it directly to your customers on your behalf. This is amazing when you consider the fact that you can make money from anywhere in the world with no warehouse or standing in a post office queue!
Associates is Amazon’s affiliate program. Whilst you only make a very small percentage per sale, the powerful thing about it is that any purchase that referral makes within 24 hours of being redirected to the site is credited to you.
This means if you have a Facebook group where you regularly post content and Amazon links, you should have a steady stream of affiliate income.
However, in comparison to other affiliate programs, commissions are very low, so you may be better off spending your time promoting another offer.
As an additional sidestream, it’s a great opportunity though!
If you have ever wanted to publish your own book, well now you can!
Kindle publishing allows people to self-publish their own work on the Amazon platform.
You can charge whatever you like for the book, and provided it is above $2.99 you will receive 70% of the sale. This is more than a traditional publishing house would pay.
They also have the option to convert your book into paperback to sell as well, so you can now have a physical copy of your book.
Many Kindle publishers have taken the business opportunity a step further and hired ghostwriters rather than be limited by their time.
Books do tend to do well in the early days and slowly drop off in sales the older they get, but this is also true if you went down the traditional publishing route.
There are even stories of large mainstream publishers picking up an author after coming across their Kindle book, so it can lead to other opportunities as well!
ACX is essentially an extension of Kindle publishing, as it is turning your books into audiobooks for the Audible platform. To do this you can either record your own book and submit it, or they have narrators who will do a profit share with you and record your book for free, so it’s essentially free money if you already have a Kindle book live!
However, if you aren’t interested in publishing, there is another way to make money with ACX. The platform is always looking for narrators, so if you have a computer and a decent quality microphone, you can get paid well to do some reading!
If you want to be successful on Amazon and quit your day job, then the first tip is to treat it like a job. Ensure you set aside business hours for working and stick to them, so you are making consistent gains towards your goal every day.
In addition to this, invest in your education. There are lots of courses out there that will help you grow your business and cut the learning curve down significantly.
There are many ways to make money on Amazon, and there is bound to be an option that suits you! Don’t expect to replace your income overnight, but with some work and persistence, you can be firing your boss a few months from now!